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5/01/18
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Conor Commercial Real Estate and American Realty Advisors (“ARA”) have just broken ground on Pacific Commons Industrial Center, the largest distribution building in development across the San Francisco Bay Area. The 814.9k sf building is located at the southwest corner of Cushing Pkwy and Bunche Dr in the city of Fremont.
“Pacific Commons Industrial Center combines the efficiency of a new, large-scale, best-in-class building with the accessibility of an in-fill location perfectly situated to meet the e-commerce and industrial fulfillment needs of Northern California,” said Rob Shannon, Executive Vice President, CBRE. Shannon, along with CBRE colleagues Chip Sutherland and Doug Norton, are marketing the space for lease.
“Nowhere else in the Bay Area can you find a single industrial building of this size under development, not to mention one that is steps away from a complete array of retail services,” Shannon added. “It’s truly a one-of-a-kind opportunity for a company looking to truncate Bay Area delivery times while lowering transportation costs.”
Slated for completion in Q2 2019, the logistics and fulfillment center will feature 36-foot clear heights, cross-dock configurations, an ESFR sprinkler system, 141 dock doors, 143 trailer parking stalls and flexible office space. The building is designed to achieve LEED® Silver certification and will offer 68 electric vehicle charging stations. The building is situated on approximately 41.75 acres and is just over a mile from Interstate 880, less than three miles from Interstate 680 and three miles from the Warm Springs BART station.
Pacific Commons Industrial Center distinguishes itself further with its unique pedestrian-friendly environment. A multi-use trail will follow the south and west edges of the property, offering access to open space. The building is also within walking distance of Pacific Commons Shopping Center and its 75 stores, restaurants and entertainment venues.
“We see this asset serving as the premier, state-of-the-art logistic facility serving a growing demand for last mile distribution and ultimately delivering strong value to our investors,” commented Albert Pura, Senior Director, Investment Group at ARA.
Pacific Commons Industrial Center is 14 miles from San Jose International Airport, 30 miles from the Port of Oakland and 46 miles from the city of San Francisco. Upon full buildout, the Pacific Commons Business Park will be home to more than 4.4 msf of industrial space, making it one of the largest industrial destinations in the region.
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